Types of Ownership
Freehold (Fee Simple): The most common form of property ownership. The owner has complete control over the land and any buildings on it. Freehold ownership means you own both the property and the land beneath it, without any time limit. Full control over the land and any structures. Owner is responsible for all maintenance and…
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Landlord Use Web Portal To Remove Tenant/s
1. Online Eviction Portal Mandatory Use: Landlords are required to use an official online portal to file eviction notices. This ensures a standardized, transparent process that can be tracked and prevents any errors or abuses in the eviction procedure. Specific Grounds for Eviction: Evictions can only be initiated for specific legal reasons, such as non-payment…
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Is Winter a good time to buy?
Winter can offer several unique advantages for buyers in the real estate market. Here’s a more detailed look at why it might be the right time for you to buy: Less Competition: With fewer buyers actively searching for homes during the winter months, you’re likely to face less competition. This can be especially helpful in…
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Tips For Buyer/s When Viewing A Home
When viewing a property, it’s essential to conduct a thorough assessment. Here’s a consolidated list of tips to keep in mind: Square Footage: Confirm the listed square footage matches your needs and expectations. Recent Sales in the Area: Check the sale prices of nearby homes to gauge market value. Utility Costs: Inquire about average utility…
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Flipping Tax in B.C. Starting January 01, 2025
What is the Flipping Tax? The flipping tax in British Columbia was introduced to discourage speculative real estate practices that drive up housing prices. The tax applies when properties are sold within a short time frame, specifically within 730 days (or two years) of purchase. This measure is part of a broader strategy to make…
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